Berkeley Burke
Berkeley Burke Mis-sold PCP Investment Claim
Berkeley Burke recently lost a High Court case in which it was challenging the outcome of a Financial Ombudsman Service decision against it. The Financial Ombudsman Service had ruled that Berkeley Burke failed in its duty of care to consumers by not adequately checking the suitability of the investments it allowed into its SIPP. The unsuitable investment in question for this case was an unregulated collective investment scheme involving plots of agricultural land in Cambodia.
The High Court judgement confirms and establishes with greater certainty that SIPP Providers have a due diligence requirement to check the suitability of unregulated investments when allowing them into a SIPP.
Grounds On which you may Have Been Mis-Sold
In order to determine if you are eligible for a SIPP compensation claim please check If any of the following statements is true in your case:
- You did not use a Regulated Adviser and Berkeley Burke did not properly check the suitability of your investments before allowing them into the SIPP.
- Berkeley Burke did not explain the pension transfer & investment risks to you properly.
- Your financial situation was not properly assessed with a fact find by Berkeley Burke.
- You felt uncomfortable or pressured by Berkeley Burke into an investment that you didn’t need or want.
- They did not explain that the amount you get back will depend on performance.
- They did not accurately explain the fees and charges that would be incurred.
- You were not aware that you were investing in an unregulated investment.
- You feel that you had poor advice about your SIPP which has caused you financial loss.
If any of the above points stand true, then it may be possible for you to get compensation.
How To Use The Calculator
Our pension redress calculators will give you an indication of how much your mis-selling refund could be worth. If your case is upheld, the exact value of your refund will not be known until all the facts of your case have been disclosed and a final figure calculated by the firm.
Enter your details into the red boxes
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Select the rate that you feel your previous pension was growing at. 3% Low, 6% Medium or 9% High rate.
Compare your values
See what your pension would have been worth if you had left it in the previous scheme vs. the new scheme. Choose to compare current value or value at your chosen retirement age.